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Energy

KPI plans to construct $ 6b crude oil refinery in Bangladesh

Kuwait Petroleum International (KPI), an affiliate to Kuwait Petroleum Corporation (KPC), is considering development of $6bn crude oil refinery, with a production capacity of 10 million tons per year in Bangladesh, a high-ranking oil sector official said. Recently, officials from KPI, Bangladesh Petroleum Corporation (BPC) and Board of Investment (BoI) met in Bangladesh to discuss details required for constructing the crude oil refinery, according to sources. crude oilKPI is seeking the required infrastructure in the project site including land an...

Power blackout due to electricity from India break down

A nationwide power blackout hit Bangladesh on Saturday when a transmission line supplying electricity from India broke down. PowerThe interconnection line used for transmission of 450 MW at Bheramara in Kushtia district tripped at 11:30 am, a source at the Power Development Board (PDB) said. The sudden vacuum caused disruption of power generation at all power plants across the country, the Daily Star reported. Some power plants resumed generation at around 1:00 pm. State Power Minister Nasrul Hamid Bipu said power generation is expected to return to ...

Chevron announces production from Bibiyana expansion project

Chevron Corporation (NYSE: CVX), the US-based international oil company, Tuesday formally announced its enhanced gas production from Bibiyana gas field. A press statement, released from Chevron’s headquarters in San Ramon of California, said that its Bangladesh subsidiary has commenced natural gas production from the Bibiyana Expansion Project in the northeastern part of the country. chevron-logo-promoThe project included an expansion of the existing gas plant to process increased natural gas volumes from the Bibiyana Fi...

Govt to consider upstream costs in setting gas tariffs: source

The governemnt has for the first time decided to set the domestic gas tariffs in line with the costs of production following requests from international oil companies for an increase, a former senior Petrobangla official told Platts Monday, October 20. Bibiana-gasThe Energy and Mineral Resources Division of the Ministry of Power, Energy and Mineral Resources, or MPEMR, asked Petrobangla earlier this month to propose an increase in the gas tariff by calculating upstream costs, former Petrobangla chairman Hussain Monsur said. “We have started cal...

Chevron expects 25pc gas output rise on year by 2015

Chevron Bangladesh expects its natural gas output to have increased 25.17% year on year to 1.492 Bcf/d by the start of 2015, following the inauguration of the Bibiyana gas plant expansion project in November, Petrobangla chairman Hussain Monsur told Platts Thursday. chevron-logo-promoChevron plans to increase natural gas output gradually from the Bibiyana gas field -- the country's largest with an average output of 850,000 Mcf/d from 17 producing gas wells -- from November, Monsur said. In July 2012, Chevron announced a ...

Bangladesh switching to cleaner fuel

Bangladesh will lower the sulphur content of its gasoil imports from January next year, in line with a global move towards cleaner fuel, industry sources said today. The country will import gasoil with 500 parts-per-million (ppm) sulphur instead of the 2,500 ppm, from January, 2015, said Bangladesh Petroleum Corp (BPC) chairman Eunusur Rahman. oil_drops_MThe state-owned company, which is the country’s sole importer of gasoil, will start term negotiations to buy gasoil for next year, in November, he said. The move towards cleaner ga...
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